First Call January 15, 2020

by | Jan 15, 2020 | First Call | 0 comments

  • S&P futures slightly lower after US equities finished mixed on Tuesday, off best levels.
  • Europe and Asia mostly lower across all markets
  • Bank earnings are mixed with some profit-taking after the recent move up
  • Look for 11:30am EST signing of US-China phase one trade deal and more Q4 earnings.
  • Both trade (de-escalation of tensions) and earnings (expectations for a 2020 rebound) remain key pieces of the bullish narrative. Question still being asked is if tariffs in place now will be lifted soon?
  • Treasuries stronger across the curve. Dollar weaker vs yen and euro. Gold up 0.5%. WTI crude up 0.2%.
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